India's fuel demand rises 2.8% in August, at nine-month low
Petrol
India's fuel demand rose 2.8 per centin August compared with the same month last year but was at their lowest level in nine months.
Consumption of fuel, a proxy for oil demand, totalled 17.04 million tonnes, its lowest since last November, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Wednesday.
Sales of gasoline, or petrol, were 8.9 per centhigher from a year earlier at 2.57 million tonnes.
Diesel sales fell 1.1 per centto 6.12 million tonnes, its first year-on-year percentage decline in nine months.
Cooking gas or liquefied petroleum gas (LPG) sales surged 13 per centto 2.40 million tonnes, while naphtha sales increased by 3.7 per centto 1.15 million tonnes.
Sales of bitumen, used for making roads, were up 23.8 per cent, while fuel oil use edged lower 15.9 per centin August.
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India revised down its fuel consumption for July to 17.68 million tonnes, an increase of 3.9 per centfrom the previous year, its biggest year-on-year percentage gain since January.